Glen Burnie Bancorp (GLBZ) Q1 2026 earnings summary

Executive summary

• Returned to profitability with net income of $84 thousand in Q1 2026, reversing a net loss of $95 thousand in Q4 2025 and down from $153 thousand in Q1 2025.

• Achieved growth in loans and deposits, improved net interest income, and strengthened liquidity.

• Opened a new Loan Production Office in Annapolis to support commercial lending and deposit growth.

Financial highlights

• Net interest income rose to $3.0 million in Q1 2026 from $2.8 million in Q4 2025 and $2.6 million in Q1 2025.

• Net interest margin increased to 3.26% in Q1 2026, up from 3.14% in Q4 2025 and 2.92% in Q1 2025.

• Total loans grew to $242.6 million, up 4.9% sequentially and 17.0% year-over-year.

• Total deposits increased to $357.5 million, up 7.6% sequentially.

• Noninterest expense decreased to $3.3 million from $3.5 million in Q4 2025.

• Noninterest income was $415 thousand, down from $666 thousand in Q4 2025 but up from $205 thousand in Q1 2025.

Outlook and guidance

• Management remains focused on disciplined growth, prudent liquidity management, and improved operating leverage.

• Strategic repositioning efforts from 2025 are showing early positive results in 2026.